Suzlon shares slide 5% as CFO exit spooks investors

Markets often move in herds, and today Suzlon found itself caught in a downdraft. Shares of the wind energy player tumbled nearly 5 per cent, hit by the sudden resignation of its CFO and a weak session for mid caps. Even robust Q1 earnings couldn’t shield the stock from the broader sell-off. Why the fall? Two factors weighed heavily on Suzlon’s share price today. CFO resignation: The unexpected exit of Group CFO Himanshu Mody triggered concerns over financial leadership at a time when Suzlon is trying to cement